Dollar Drops to R$5.69 Amid Record Low Approval for Lula

INSUBCONTINENT EXCLUSIVE:
The Brazilian real strengthened significantly against the United States dollar this Friday, closing at R$5.69, its lowest level since
November 7, 2024
his three terms.Disapproval surged from 34% to 41%, reflecting growing dissatisfaction among Brazilians over inflation and economic
challenges
from 49% in December.Dollar Drops to R$5.69 Amid Record Low Approval for Lula
(Photo Internet reproduction)Market participants reacted swiftly to this political development
The real gained momentum as investors anticipated potential shifts in fiscal and monetary policies
persistence of depreciation trends
He noted that uncertainties surrounding United States trade tariffs under President Donald Trump have added volatility to global
markets.Globally, weaker-than-expected United States retail sales data contributed to a broader decline in the dollar index (DXY), which
tracks the greenback against six major currencies
The DXY fell by 0.56%, providing further support for emerging-market currencies like the real.Despite these gains, Brazil faces ongoing
economic challenges
administration
discontent